Stocks Under Focus: Hero Moto, Dabur, Tata Steel, Gland Pharma & More

  • Stock Market News
Stocks Under Focus: Hero Moto, Dabur, Tata Steel, Gland Pharma & More
Credit: © Reuters.

By Malvika Gurung -- Hero MotoCorp (NS: HROM ): The world’s leading two-wheeler manufacturer has partnered with Terrafirma Motors to assemble and distribute its vehicles amid plans to enter the Philippines and will set up an assembly facility of 29,000 square metres in Laguna City. 

Dabur India (NS: DABU ): The FMCG giant’s consolidated net profit dipped 2.85% YoY to Rs 490.86 crore in Q2 as high inflation impacted consumption, while revenue from operations climbed 6% YoY to Rs 2,986.5 crore in the quarter.

Tata Steel (NS: TISC ): The steelmaker has signed an agreement with the automaker Ford to supply zeremis green steel from its Netherlands-based plant post shifting to hydrogen-based steelmaking.

Tech Mahindra (NS: TEML ): The IT company’s board will meet next week on Nov 1 to consider the proposal for payment of interim dividend for the ongoing fiscal.

CSB Bank (NS: CSBB ): SBI (NS: SBI ) Mutual Fund raised total shareholding in the lender from 5.42% to 7.42% on Oct 21. Nomura Singapore sold a 1.52% stake in the lender at Rs 232.3 apiece on Oct 25, while Maybank Securities picked a 1.5% stake in the private sector through open market transactions at an average of Rs 232.3/share.

Gland Pharma (NS: GLAD ): The pharma company’s consolidated net profit declined 20.1% YoY to Rs 241.2 crore in Q2 while revenue remained flat at Rs 1,044.4 crore and EBITDA margin fell to 33% from 38% in the year-ago period.

Glenmark Pharma (NS: GLEN ): The US health regulator USFDA has placed the pharma company’s manufacturing unit at Baddi under an import alert, meaning it can now be detained without physical examination.

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